Znaczenie koniunktury na rynku kapitałowym dla poziomu i zmienności cen kontraktów terminowych na produkty rolne

• Autorzy: Anna Szczepańska-Przekota , Grzegorz Przekota

Warianty tytułu

The Importance of the Situation on the Capital Market for the Level and the Volatility of Futures Contracts on Agricultural Products

• Języki publikacji: PL

Abstrakty

EN

Shaping futures contracts for agricultural products is one of the most interesting issues of financial markets. The problem concerns the importance of micro- and macroeconomic factors as well as speculation. The correct valuation of contracts determines the effectiveness of the hedging strategy. The subject literature specifies the speculative nature of futures contracts. The analysis in this work shows that the flows between this market and other financial markets, including the capital market, are responsible for above-average volatility. The work is just addressing the problem of the impact of the capital market represented by the S&P 500 index on futures contracts for agricultural products. The analysis uses data from 1984 to 2016. The research has shown that volatility from the capital market is partially transferred to the futures market for agricultural products. It is therefore an important factor, but it isn't a dominant factor, because the distributions of variation are different()(original abstract)

Słowa kluczowe

PL

Produkty rolne; Indeks giełdowy; Przyczynowość; Kontrakty terminowe

EN

Agricultural products; Stock market indexes; Causality; Fixed-period contracts

• Czasopismo: Przedsiębiorczość i Zarządzanie
• Rocznik: 2018
• Numer: t. 19, z. 4, cz. 1 Szanse i zagrożenia dla gospodarki europejskiej XXI wieku. Cz. 1
• Strony: 295--310

Twórcy

autor

Anna Szczepańska-Przekota

• Politechnika Koszalińska

autor

Grzegorz Przekota

• Politechnika Koszalińska

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